Latest Quarterly Result

Email This Print This

Quarterly Report For The Financial Period Ended 28 February 2018

Financials Archive

Get Adobe Reader Note: Files are in Adobe (PDF) format.
Please download the free Adobe Acrobat Reader to view these documents.

Unaudited Condensed Consolidated Statements Of Comprehensive Income
For The Year Ended 28 February 2018

Income Statement

Unaudited Condensed Consolidated Statements Of Financial Position
As Of 28 February 2018

Balance Sheet

Review of Performance

For the quarter ended 28 February 2018, the Group achieved a revenue of RM39,79 million and loss after tax of RM0.36 million, compared to a revenue of RM35.75 million and profit after tax of RM1.91 million for the corresponding quarter last year. Despite the loss after tax, the Group's operational performance has improved compared to the corresponding period last year. Losses in the current period were attributed to the unrealised foreign exchange losses, the on oversea investment and oversea intercompany balances. Without the impact of the unrealised foreign exchanged losses, the Group would have recorded a profit after tax of RM0.15 million for the current quarter and RM0.72 milliion for the year to date FY2018. For the coressponding quarter last year, a couple of Engineering, Procurement, Construction and Commissioning (EPCC) projects contributed to profit but there was no contribution in the current quarter.

The performance of each operating segment is as follows:

Precision stamping & tooling segment

This segment recorded a revenue of RM36.07 million and a profit of RM1.40 million for the quarter ended 28 February 2018 as compared to a revenue of RM27.99 million and a profit of RM0.96 million for the corresponding period last year.

The profit was due to increased order from new model TV back chassis and agricultural components.

Printed circuit board ("PCB") & module assembly segment

This segment recorded a revenue of RM2.71 million and a loss of RM0.89 million for the quarter ended 28 February 2018 as compared to a revenue of RM2.55 million and a loss of RM0.81 million for the corresponding period last year.

Despite the increase in revenue and being profitable from normal operations, there is a loss after tax for this segment mainly attributed by the unrealized foreign exchange losses for its overseas investment. Furthermore, this segment also uncurred higher operating cost through the absorbtion of foreign worker levy as required under the new local regulations.

Renewable energy

This segment recorded a revenue of RM0.27 million and a loss of RM0.44 million for the quarter ended 28 Fenruary 2018 as compared to a revenue of RM5.86 million and profit of RM1.81 million. The loss for the quarter is due to lower revenue. Major Engineering, Procurement, Construction and Commissioning (EPCC) engagements were completed in the last financial year.

Current Year Prospects

The Board foresees the current year's prospects to be challenging due to the uncertain global economics environment which includes the fluctuation of Ringgit / USD foreign exchange rate and the expected rising of local operating cost.

The Group will continue its effort in promoting the EMS (Electronic Manufacturing Services) business, solar energy bussines, property development bussines and to widen its customer base. The Group will continue to explore on the solar EPCC despite facing stiff competition in the market.

Investor Relations